Initial public offering and listing on GEM
Announcement on online subscription and winning rate
Sponsor (lead underwriter): Central China Securities Co.Ltd(601375)
Henan Kaiwang Electronic Technology Co., Ltd. (hereinafter referred to as "Kaiwang technology" or "the issuer") has applied for the initial public offering of 23.96 million RMB common shares (A shares) (hereinafter referred to as "this offering") and listing on the gem in Shenzhen Stock Exchange (hereinafter referred to as "Shenzhen Stock Exchange") ）The GEM Listing Committee deliberated and approved it, and the registration has been approved by China Securities Regulatory Commission (hereinafter referred to as "CSRC") (zjxk [2021] No. 3563).
Issuer and sponsor (lead underwriter) Central China Securities Co.Ltd(601375) (hereinafter referred to as " Central China Securities Co.Ltd(601375) " or "sponsor (lead underwriter)" ）It is determined through negotiation that the number of shares to be issued this time is 23.96 million shares, and the issue price is 27.12 yuan / share. The issuing price of this offering shall not exceed the median and weighted average of offline investors' quotation after excluding the highest quotation, as well as the securities investment fund, national social security fund, basic old-age insurance fund established through public offering after excluding the highest quotation The enterprise annuity fund established in accordance with the measures for the administration of enterprise annuity fund and the insurance fund quotation median and weighted average in accordance with the measures for the administration of the use of insurance funds, whichever is lower.
According to the issue price, the relevant subsidiaries of the sponsor will not participate in the strategic placement. This offering does not arrange the strategic placement to the senior management and core employees of the issuer, asset management plans and other external investors. Finally, this offering will not be placed to strategic investors. The difference between the initial strategic placement and the final strategic placement was 1.198 million shares, which were transferred back to offline issuance.
This issuance is finally carried out by a combination of offline inquiry and placement to qualified investors (hereinafter referred to as "offline issuance") and online pricing issuance to social public investors holding non restricted A-Shares or non restricted depositary receipts in Shenzhen market (hereinafter referred to as "online issuance").
After the strategic placement call back and before the online and offline call back mechanism was launched, the initial number of offline shares was 17131500, accounting for 71.50% of the number of shares issued this time; The initial number of shares issued online was 6.8285 million, accounting for 28.50% of the number issued this time. The total number of final offline and online issuance is 23.96 million shares, and the final number of online and offline issuance will be determined according to the call back situation.
Kaiwang technology initially issued 6.8285 million shares of "Kaiwang technology" by using the online pricing of the trading system of Shenzhen Stock Exchange on December 14 (T) 2021.
Please pay attention to the payment link of this offering and fulfill the payment obligation on December 16, 2021 (T + 2):
1. The offline allocated investors shall timely and fully pay the subscription funds for new shares according to the finally determined issuance price and allocated quantity before 16:00 on December 16, 2021 (T + 2), in accordance with the announcement on the results of initial public offering of shares by Henan Kaiwang Electronic Technology Co., Ltd. and offline issuance of shares listed on the gem.
The subscription funds shall be paid in full within the specified time. If the subscription funds are not paid in full within the specified time or as required, all the new shares allocated to the placing object shall be invalid. If the above circumstances occur when multiple new shares are issued on the same day, all the placing objects are invalid. If different placing objects share bank accounts, if the subscription funds are insufficient, the new shares allocated to the placing objects sharing bank accounts will be invalid. Offline investors are allocated multiple new shares on the same day. Please pay for each new share separately.
After winning the lot in the subscription of new shares, online investors shall fulfill the obligation of capital settlement in accordance with the announcement on the results of initial public offering of shares by Henan Kaiwang Electronic Technology Co., Ltd. and online lottery for listing on the gem, Ensure that its capital account has sufficient subscription funds for new shares on December 16 (T + 2) 2021, and the insufficient part shall be deemed as abandoning the subscription, and the resulting consequences and relevant legal liabilities shall be borne by the investors themselves. The transfer of investors' funds shall comply with the relevant regulations of the securities company where the investors are located.
The shares abandoned by offline and online investors shall be underwritten by the sponsor (lead underwriter).
2. Among the shares issued this time, the shares issued online have no circulation restrictions and restricted sales period arrangements, and can be circulated from the date of listing of the shares issued this time on the Shenzhen Stock Exchange.
The offline distribution part adopts the proportional sales restriction method, Offline investors shall promise 10% of the number of shares allocated to them (rounded up) the sales restriction period is 6 months from the date of the issuer's initial public offering and listing. That is, 90% of the shares allocated to each placing object have an unlimited sales period, which can be circulated from the date when the issued shares are listed and traded on the Shenzhen Stock Exchange; the sales restriction period of 10% of the shares is 6 months, which is calculated from the date when the issued shares are listed and traded on the Shenzhen Stock Exchange. When offline investors participate in the preliminary inquiry and quotation and offline subscription, they do not need to fill in the arrangement of the sales restriction period for the placing objects under their management. Once the quotation is made, it is deemed to accept the arrangement of the online sales restriction period disclosed in this announcement.
3. When the total number of shares subscribed by offline and online investors is less than 70% of the number of public offerings, the issuer and the sponsor (lead underwriter) will suspend the issuance of new shares and disclose the reasons for the suspension and subsequent arrangements.
4. If an offline investor who provides a valid quotation fails to participate in the subscription or obtains the preliminary placement fails to pay the subscription amount in full and on time, it will be deemed as a breach of contract and shall be liable for breach of contract, Sponsor (the lead underwriter) shall report the breach to the China Securities Association for the record. The number of violations of the placing objects at the selected layers of the gem, the science and innovation board, the main board and the national share transfer system shall be calculated together. During the period when they are listed in the restricted list, the relevant placing objects shall not participate in the initial stock projects of the gem, the science and innovation board, the main board and the national share transfer system, and the shares shall be publicly issued to unspecified qualified investors Offline inquiry and subscription of projects listed on the selection layer.
If the online investor fails to make full payment after winning the lottery for 3 times in a row within 12 months, it shall not participate in the online subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds within 6 months (calculated as 180 natural days, including the next day) from the next day of the settlement participant's latest declaration of abandonment of subscription.
The number of times of giving up subscription shall be calculated according to the number of times of investors actually giving up subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds.
1、 Online subscription
According to the data provided by Shenzhen Stock Exchange, the sponsor (lead underwriter) has made statistics on the subscription of this online offering. The number of effective subscription accounts for this online offering is 13594792, the number of effective subscription shares is 73458600000, the total number of allotments is 146917200, the starting number of allotments is 00000000000 1, and the ending number is 000146917200.
2、 Implementation of callback mechanism, issuance structure and success rate of online issuance
According to the callback mechanism announced in the announcement of Henan Kaiwang Electronic Technology Co., Ltd. on initial public offering and listing on the gem, the initial effective online subscription multiple is 10757.64809 times, higher than 100 times, The issuer and the recommendation institution (lead underwriter) decided to start the call back mechanism to 20% of the shares issued this time (4.792 million shares) were transferred back from offline to online. After the transfer back, the final number of shares issued offline was 12.3395 million, accounting for 51.50% of the total issuance; the final number of shares issued online was 11.6205 million, accounting for 48.50% of the total issuance. After the transfer back, the winning rate of the online issuance was 0.0158191144%, and the subscription multiple was 6321.46637 times.
3、 Online lottery
The sponsor (lead underwriter) and the issuer will conduct lottery at Room 308, Shenye center, No. 5045, Shennan East Road, Luohu District, Shenzhen on the morning of December 15, 2021 (T + 1), and will publish the lottery results in China Securities News, Shanghai Securities News, securities times and Securities Daily on December 16, 2021 (T + 2).
Issuer: Henan Kaiwang Electronic Technology Co., Ltd
Sponsor (lead underwriter) Central China Securities Co.Ltd(601375)
December 15, 2021
(there is no text on this page, which is the seal page of the announcement on the online subscription and winning rate of Henan Kaiwang Electronic Technology Co., Ltd. in its initial public offering and listing on the GEM)
Issuer: Henan Kaiwang Electronic Technology Co., Ltd. (this page has no text and is the seal page of the announcement on online subscription and winning rate of Henan Kaiwang Electronic Technology Co., Ltd. for initial public offering and listing on GEM)
Sponsor (lead underwriter): Central China Securities Co.Ltd(601375) mm / DD / yy
